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Ankeny, IA Apartment Buildings for Sale

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32-Unit Multifamily Community in Ankeny, Iowa
Updated: Mar 25
32-Unit Multifamily Community in Ankeny, Iowa

218 Northwest State Street, Ankeny, IA 50023

$2,395,000
25,600 sqft
Located in Ankeny, Iowa, a rapidly growing suburb of Des Moines.
Well‑maintained 32‑unit multifamily community.
All units are 2‑bedroom, 1‑bath floor plans.
Convenient access to Ankeny Centennial High School, Prairie Ridge Sports Complex, John Deere Des Moines Works, and various retail, dining, and recreational amenities.
Four buildings with a total rentable area of 25,600 SF.
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Mixed-Use Development For Sale
Updated: Nov 30, 2023
Mixed-Use Development For Sale

7040 NE 14th St, Ankeny, IA

$3,417,227
12,486 sqft 1.49 AC lot
20,400 SF Mixed‑Use Development Property
Features three retail/office spaces and six apartments
Two 3,300 SF Flex Buildings
Built in 2019
Sits on 1.437 Acres
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Retail, Multifamily, Office, Mixed Use
Retail, Multifamily, Office, Mixed Use

7040 NE 14th St, Ankeny, IA 50023

$3,417,227
6,358 sqft 1.44 AC lot

Mixed-use properties · 6,358 SF

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Trilein Village Apartments For Sale
Trilein Village Apartments For Sale

317 Northeast Trilein Drive, Ankeny, IA 50021

Contact for pricing

54-unit apartment community in Ankeny, Iowa.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Ankeny, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Income-Producing Multifamily Property in Des Moines
Income-Producing Multifamily Property in Des Moines

3419 1st Street, Des Moines, IA 50313

$279,900
3,306 sqft 0.23 AC lot

Seven-unit multifamily property with immediate cash flow and future upside.

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Converted Victorian Five-Unit Property
Converted Victorian Five-Unit Property

3400 Ravina Drive, Des Moines, IA 50313

$210,000
4,067 sqft 0.37 AC lot

Five-unit multifamily built in 1897 with preserved Victorian character, attached and detached garages, and laundry hookups.

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Income-Producing Multifamily Property
Income-Producing Multifamily Property

717 Franklin Avenue, Des Moines, IA 50314

$269,000
4,233 sqft 0.30 AC lot

Six-unit multifamily property with income potential in Des Moines.

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Des Moines Apartment Community
Des Moines Apartment Community

2519 Clarkson Ave, Des Moines, IA 50310

$2,655,000
27,360 sqft

45-unit apartment community with renovated units in Des Moines, Iowa.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Ankeny, IA

Consider similar Off-Market properties in Ankeny, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

719 3rd St
APARTMENT HOUSE (5+ UNITS)

719 3rd St, Ankeny, IA 50023-2692

Value Estimation by Request
32,514 sqft 0.97 AC lot
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1114 Belmont Dr
APARTMENT HOUSE (5+ UNITS)

1114 Belmont Dr, Ankeny, IA 50021-3581

$1,320,000
Estimated value
10,848 sqft 0.54 AC lot
View details
114 State St
APARTMENT HOUSE (5+ UNITS)

114 State St, Ankeny, IA 50023-2372

$2,265,000
Estimated value
8,704 sqft 0.71 AC lot
View details
117 College Ave
APARTMENT HOUSE (5+ UNITS)

117 College Ave, Ankeny, IA 50023-2129

$1,040,000
Estimated value
5,600 sqft 0.49 AC lot
View details
1102 Belmont Dr
APARTMENT HOUSE (5+ UNITS)

1102 Belmont Dr, Ankeny, IA 50021-3579

$965,000
Estimated value
7,488 sqft 1.01 AC lot
View details
1602 Pne Rd
APARTMENT HOUSE (UNDER 5 UNITS)

1602 Pne Rd, Ankeny, IA 50023-1251

$2,585,000
Estimated value
3,372 sqft 0.67 AC lot
View details
1002 Belmont Dr
APARTMENT HOUSE (5+ UNITS)

1002 Belmont Dr, Ankeny, IA 50021-3570

$2,985,000
Estimated value
20,883 sqft 2.43 AC lot
View details
202 College Ave
APARTMENT HOUSE (5+ UNITS)

202 College Ave, Ankeny, IA 50023-2136

$765,000
Estimated value
4,352 sqft 0.49 AC lot
View details
213 College Ave
APARTMENT HOUSE (5+ UNITS)

213 College Ave, Ankeny, IA 50023-2133

Value Estimation by Request
4,352 sqft 0.49 AC lot
View details
210 State St
APARTMENT HOUSE (5+ UNITS)

210 State St, Ankeny, IA 50023-2538

Value Estimation by Request
4,608 sqft 1.31 AC lot
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2022 Hickory Ln
APARTMENT HOUSE (5+ UNITS)

2022 Hickory Ln, Ankeny, IA 50023-1225

$505,000
Estimated value
6,784 sqft 0.18 AC lot
View details
1713 Pne Rd
APARTMENT HOUSE (5+ UNITS)

1713 Pne Rd, Ankeny, IA 50023-1241

$3,745,000
Estimated value
45,504 sqft 3.17 AC lot
View details
2101 1st St
APARTMENT HOUSE (5+ UNITS)

2101 1st St, Ankeny, IA 50023-2461

$845,000
Estimated value
8,640 sqft 2.10 AC lot
View details
201 Linden St
APARTMENT HOUSE (5+ UNITS)

201 Linden St, Ankeny, IA 50023-2476

$1,955,000
Estimated value
5,120 sqft 1.97 AC lot
View details
214 Chapel Dr
APARTMENT HOUSE (5+ UNITS)

214 Chapel Dr, Ankeny, IA 50023-2259

$995,000
Estimated value
10,240 sqft 0.88 AC lot
View details
301 Delaware Ave
APARTMENT HOUSE (5+ UNITS)

301 Delaware Ave, Ankeny, IA 50021-6644

$9,750,000
Estimated value
16,176 sqft 8.24 AC lot
View details
105 College Ave
APARTMENT HOUSE (5+ UNITS)

105 College Ave, Ankeny, IA 50023-2124

$505,000
Estimated value
4,352 sqft 0.49 AC lot
View details
1110 Belmont Dr
APARTMENT HOUSE (UNDER 5 UNITS)

1110 Belmont Dr, Ankeny, IA 50021-3553

Value Estimation by Request
2,986 sqft 0.52 AC lot
View details
1514 4th St
APARTMENT HOUSE (5+ UNITS)

1514 4th St, Ankeny, IA 50023-2250

$950,000
Estimated value
4,554 sqft 0.70 AC lot
View details
810 1st St
APARTMENT HOUSE (5+ UNITS)

810 1st St, Ankeny, IA 50023-2643

Value Estimation by Request
4,488 sqft 0.43 AC lot
View details

Ankeny, IA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Ankeny, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 44,444 square feet of properties for sale, with an estimated market value of $9,229,454.

Sale prices for two-family homes in Ankeny, IA start at $2,395,000, averaging $3,076,484, and reaching up to $3,417,227 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 75K
Population Growth (5Y) +16.3%
Median Household Income $107,944
College Educated 69.6%

High-Yield Neighborhoods for Investment

Identify Ankeny submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50021 $188.6K
50023 $3M

Taxes & Financing

Tax Rate (average for all types) 2.32%
Property Tax per SF $23.64 per SF
Tax Rate vs County Average 0.13 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Ankeny fall within the 100,000+ square foot range.

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